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Business, 19.03.2021 02:10 lillybritn

Culver Corporation owns equipment that cost $81,600 and has a useful life of 8 years with no salvage value. On January 1, 2020, Culver leases the equipment to Havaci Inc. for one year with one rental payment of $15,300 on January 1. Assuming Havaci (lessee) elects to use the short-term lease exception, prepare Havaci's 2020 journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Culver Corporation owns equipment that cost $81,600 and has a useful life of 8 years with no salvage...
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